SB 1081
Extends the sunset on the rolling stock tax credit
Sponsor:
LR Number:
5684S.01I
Committee:
Economic Development
Last Action:
5/1/2020 - Second Read and Referred S Economic Development Committee
Journal Page:
S839
Title:
Calendar Position:
Effective Date:
August 28, 2020

Current Bill Summary

SB 1081 - Current law provides for a tax credit for eligible expenses incurred in the manufacture, maintenance, or improvement of a freight line company's qualified rolling stock, with such tax credit to expire on August 28, 2020. This act extends such credit until August 28, 2026.

This act is identical to a provision contained in HCS/SCS/SB 616 (2020) and SB 454 (2019).

JOSH NORBERG

Amendments

No Amendments Found.